The TSX Composite retreat below 12200 on the daily chart indicates another test of medium-term support at 12000. The rally remains intact as long as support holds. Failure would re-test primary support at 11750/11800, while recovery above 12200 would test resistance at 12500. Rising 63-day Twiggs Momentum suggests a primary up-trend. Breakout would signal an advance to 13250*.
* Target calculation: 12500 + ( 12500 – 11750 ) = 13250